Banks; minimum capital stock requirement. (SB517)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Banks; minimum capital stock requirement. Provides that the directive that the State Corporation Commission not issue a certificate of authority to a bank unless it finds that individuals have subscribed for specific amounts of the bank's capital stock and surplus does not apply to the Commission's issuance of such a certificate to a bank holding company or to a resulting bank in connection with certain types of mergers involving the holding company and its subsidiary bank. Amends § 6.2-816, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2014Prefiled and ordered printed; offered 01/08/14 14103327D
01/08/2014Referred to Committee on Commerce and Labor
01/13/2014Reported from Commerce and Labor (14-Y 0-N) (see vote tally)
01/15/2014Impact statement from SCC (SB517)
01/15/2014Constitutional reading dispensed (38-Y 0-N)
01/16/2014Read second time and engrossed
01/17/2014Read third time and passed Senate (38-Y 0-N)
01/23/2014Placed on Calendar
01/23/2014Read first time
01/23/2014Referred to Committee on Commerce and Labor
01/23/2014Impact statement from SCC (SB517)
02/25/2014Reported from Commerce and Labor (21-Y 0-N) (see vote tally)
02/27/2014Read second time
02/28/2014Read third time
02/28/2014Passed House BLOCK VOTE (98-Y 0-N)
02/28/2014VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
03/05/2014Enrolled
03/05/2014Bill text as passed Senate and House (SB517ER)
03/05/2014Signed by Speaker
03/06/2014Impact statement from SCC (SB517ER)
03/08/2014Signed by President
03/27/2014G Approved by Governor-Chapter 372 (effective 7/1/14)
03/27/2014G Acts of Assembly Chapter text (CHAP0372)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 30 seconds.